Parametric Insurance for Solar Shortfall
Why is it relevant?
Solar panels need sufficient sun irradiation to generate electricity. Climate change leads to unexpected volatility that impacts solar electricity production. Shortfalls lead to loss of revenue, reduced loan amounts and higher interest rates.
How does it work?
Pays out when solar power production falls below a predefined level.
Who is it designed for?
Investors, owners and operators of PV systems and farms.